D+H closes $1.2bn Harland acquisition

D+H closes $1.2bn Harland acquisition

Canadian financial technology firm Davis and Henderson (D+H) has completed the US$1.2 billion cash acquisition of US counterpart Harland Financial Solutions.

Previously owned by Harland Clarke Holdings, Florida-headquartered Harland claims thousands of financial institution clients for technology covering branch automation, business intelligence, core processing, enterprise content management, compliance, payments, risk management and self-service.

D+H hopes that the deal will fuel product cross-selling and create new revenue opportunities by providing existing and new clients with a more powerful set of tools.

Gerrard Schmid, CEO, D+H, says: "We look forward to using our complementary technologies and expanded capabilities to meet the broader needs of our combined client base of 6,200 and to forge an even stronger value proposition for the future as we concentrate on growing our presence among the 13,000 banks and credit unions who form our available market."

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